How important is positivity for the mortgage industry?
If you follow the success of Guaranteed Rate, maintaining a positive attitude in the mortgage industry is absolutely critical. A company doesn’t grow the way Guaranteed Rate has over the past two decades without having positivity, hard work, gratitude, and responsibility.
A recent featured article in Forbes highlighted how Guaranteed Rate CEO Victor Ciardelli leads with the power of positivity. Ciardelli stated, “I communicate the power of positivity and gratitude to everybody around me: employees, friends, family members, everyone. I’m a big believer in the Law of Attraction, manifestation, and thoughts shaping reality. If you think positive thoughts, positive things will happen.”
The power of positivity is also reflected in the new Rate App that has yoga classes and mindfulness lessons along with tools to support your financial well-being.
Did mortgage rates continue to dip?
The national average for a 30-year, fixed rate mortgage rate dropped 0.01% to 6.95%* on Wednesday.
A lot of officials from the Federal Reserve spoke, and essentially repeated the same talking points that we heard last week from Chairman Jerome Powell. Based on the comments, it sounds like we won’t see rate cuts any time soon, but we’re also not going to see any more hikes.
America’s most expensive home is on the market
According to the Wall Street Journal, the most expensive property ever listed in the U.S. is for sale.
A 9-acre compound in Naples, FL is available if you can meet the price, and the price is bit hefty. Available for $295 million, the home would shatter the record for the most expensive residential property in the U.S.
The beachfront compound was built by financier John Donahue in the 1980s, and it’s played host to golf champions and American Presidents alike.
The property has three homes and a private yacht basin. It’s capable of hosting over 100 people for gatherings. Specific amenities aren’t listed, but you can bet that the home has literally everything.
The previous record was set by Beyonce and Jay-Z in 2023 when they paid $200 million for a mega-mansion in Malibu, CA.
* National average rates accurate as of 2/7/24 from MortgageNewsDaily.com and are not advertised rates from Guaranteed Rate.
Pre-Approval
in 10 minutes?
in under 10 minutes. Grab a few important documents to get started.
- Tax Returns
- Copies of W-2s (or 1099s for independent contractors,
freelancers and the self-employed) - A payroll stub
- A bank statement
- Loan obligation info (student loans,
auto loans and credit cards)
Applicant subject to credit and underwriting approval. Not all applicants will be approved for financing. Receipt of application does not represent an approval for financing or interest rate guarantee. Restrictions may apply.
All information provided in this publication is for informational and educational purposes only, and in no way is any of the content contained herein to be construed as financial, investment, or legal advice or instruction. Guaranteed Rate does not guarantee the quality, accuracy, completeness or timelines of the information in this publication. While efforts are made to verify the information provided, the information should not be assumed to be error-free. Some information in the publication may have been provided by third parties and has not necessarily been verified by Guaranteed Rate. Guaranteed Rate its affiliates and subsidiaries do not assume any liability for the information contained herein, be it direct, indirect, consequential, special, or exemplary, or other damages whatsoever and howsoever caused, arising out of or in connection with the use of this publication or in reliance on the information, including any personal or pecuniary loss, whether the action is in contract, tort (including negligence) or other tortious action.
